3 ms·
> I truly love the idea of single-development mixed-income housing, but I just don’t see it working in the US. It's already working[1] in California. This is h
by mullingitover 3y ago
> I truly love the idea of single-development mixed-income housing, but I just don’t see it working in the US.
It's already working[1] in California. This is happening through the California Housing Finance Agency[2]:
> The CalHFA Mixed-Income Program (MIP) provides long-term subordinate financing for the new construction of affordable multifamily developments throughout California that provide housing with units restricted at all income levels between 30% and 120% of the Area Median Income of the county in which the development will be located.
So while it's not outright subsidized, the state is providing the financing for these projects.
[1] https://www.calhfa.ca.gov/multifamily/mixedincome/approved/index.htm https://www.calhfa.ca.gov/multifamily/mixedincome/approved/i...
[2] https://www.calhfa.ca.gov/multifamily/mixedincome/index.htm https://www.calhfa.ca.gov/multifamily/mixedincome/index.htm
- deleted 3y ago[deleted]